GAP retail store facade with logo sign on a sunny day in San Francisco, California on June 7, 2024.
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gap Trading in the company’s shares was halted Thursday morning after its quarterly earnings results were announced apparently ahead of schedule.
The apparel retailer is scheduled to report second-quarter earnings after the market close on Thursday. But Bloomberg reported that a briefing showing the results briefly appeared on Gap’s website in the morning.
When Gap shares were halted just before 10 a.m. ET, the earnings report no longer appeared to be posted on the company’s website. The stock price fell nearly 1% before the trading suspension.
Gap did not immediately respond to a request for comment.
Gap’s earnings announcement comes as Chief Executive Richard Dickson, who took over last year, is trying to turn the traditional retailer back into the black. The company showed positive signs in the first quarter, with all four of its brands (Gap, Banana Republic, Athleta and Old Navy) achieving comparable sales growth.
This story is developing. Please check back for updates.
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